Market Insights Consumer Apparel Women's Apparel

Clothing Accessories & Other Clothes - Worldwide

Worldwide

In 2024, the revenue in the Clothing Accessories & Other Clothes market worldwide amounts to a staggering US$89.53bn.
According to market projections, this segment is expected to grow annually by 2.85% (CAGR 2024-2028).
When comparing global revenues, it becomes evident that in China generates the most revenue in this segment, with a whopping US$18,680m in 2024.
In terms of per person revenues, the global average stands at US$11.55 in 2024.
This figure indicates the amount of revenue generated per individual in the Clothing Accessories & Other Clothes market.
Looking ahead to 2028, the volume in the Clothing Accessories & Other Clothes market is projected to reach 14.8bn pieces.
This signifies the total quantity of goods within this market segment.
Additionally, a volume growth of 1.9% is expected in 2025.
On an individual level, the average volume per person in the Clothing Accessories & Other Clothes market is anticipated to be 1.8pieces in 2024.
This metric demonstrates the average quantity of goods per individual in this market segment.
Overall, these figures provide valuable insights into the revenue and volume trends within the Clothing Accessories & Other Clothes market worldwide.
Despite the global economic downturn, the demand for clothing accessories and other clothes remains strong in fashion-forward countries like Italy.

Key regions: Europe, Australia, Singapore, India, Philippines

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.